Raytheon Awarded $200M to Produce Additional Sidewinder Missiles for US, Intl Clients

Raytheon (NYSE: RTN) has landed a three-year, $199.8 million contract modification from the U.S. Navy for the full-rate production of lot 17 AIM-9X Sidewinder tactical missiles.

The Defense Department said Friday the company will also produce AIM-9X Block II captive air training missiles, all-up-round containers, spare advanced optical target detectors, captive air training missile guidance units, advanced optical target detector containers and Block 1 propulsion steering section under the modification.

DoD noted that Raytheon will supply the equipment for the Navy and the U.S. Air Force as well as the governments of Australia, Belgium, Denmark, Finland, Indonesia, Israel, Korea, Morocco, Netherlands, Norway, Poland, Romania, Saudi Arabia, Singapore, Taiwan and Turkey.

The Naval Air Systems Command will obligate the full amount of the modification from fiscal 2017 Air Force missile procurement, Navy weapons procurement and foreign military sales funds.

Raytheon will perform work in multiple locations worldwide through March 2020.

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